Portugal Receives Bids for Novo Banco

Bank is ‘good’ offspring created from Banco Espírito Santo’s collapse

LISBON—Portugal’s central bank said Friday that it has received five offers for Novo Banco SA, the lender that emerged from the collapse of Banco Espírito Santo SA in 2014 and was supposed to be sold over a year ago.

Bank of Portugal said the offers made were either to buy the lender outright or to become an investor through a market sale. It didn’t give a breakdown or name the parties. It will evaluate the bids and make a final...